Rationale:
Due to the bullish wave development in this correction wave (a) I expect more weakness to come after wave (b) is finished.
Entry:
Sell wave (c) from possibkle wave (b) highs from 38% and 50% Fibo:
Sell Limit 1.2375 - 1.2385
SL: 10pips.
TP: Below wave (a) Low
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/euraud-h1-udpate-tpi.html
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